Tax Credit Advisor Article Archives

If U.S. cities want to create far more quality affordable units on public housing sites, they’ll need to follow two strategies: The first is to leverage funds from HUD’s Rental Assistance Demonstration (RAD) program, since it has become the main funding mechanism to repair and manage old public housing.

Thirty years ago, when I and others were inventing affordable housing preservation, it came in only two flavors (ELIHPA and LIHPRHA), just like Coke and Diet Coke.

There are many problems we are faced with as a society that we may not currently have the means to solve, particularly those that are nature-driven (i.e., dementia, global warming, storms). But we can solve the housing shortage.

Our headline this month—“A New Era for the LIHTC Program”—might well have you scratching your head and wondering what the heck are they talking about.

Throughout its history, Worcester, MA has experienced more than its share of ups and downs. Settled and abandoned twice before it was finally resettled in 1713, it became a center of radical activity leading up to the American Revolution.

Whether an affordable housing deal succeeds and remains profitable many years into the future often depends on the asset managers you work with and their level of involvement during the earliest planning stages and in the ensuing years after a property is placed in service.

An alternative way to estimate utility allowances (UA) in Florida is producing lower UA amounts for affordable housing managers – in some cases considerably lower.

In April, fueled by the realization that “the regulations have taken a little longer than anticipated” to be issued, aides to Senators Tim Scott and Cory Booker, the architects of the Opportunity Zone (OZone) legislation, hinted at a bipartisan legislative effort to extend some aspects of the program.

When people hear “housing agency,” they likely envision a big city bureaucracy in New York or Philadelphia. But for each of those, there are numerous smaller agencies that serve tiny cities nationwide.

In late June, to absolutely no press coverage, a Presidential executive order established the “White House Council on Eliminating Regulatory Barriers to Affordable Housing” with a pointed observation:

Several initiatives and policy proposals of late seek to address housing affordability through supply side solutions.

This summer, I’m planning on taking a deeper dive into source materials behind a recent posting by Solomon Greene and Jorge González of the Urban Institute